Overview
What is Strategic Community Investments?
Strategic Community Investments is a nonprofit organization located in Fort Smith, Arkansas, with a focus on community and economic development. They are primarily engaged in the development of affordable housing, catering predominantly to low, very low, and moderate-income families. Beyond housing, they also undertake various community initiatives. In particular, they manage three residential properties and one commercial property, with at least 75% of their units being occupied by low-income families. Additionally, they are currently working on the development of a fourth residential property. Their mission extends beyond housing relief, aiming to positively impact the less fortunate in their community through diverse development initiatives.
Is Strategic Community Investments legitimate?
Strategic Community Investments is a legitimate nonprofit organization registered as a 501(c)(3) entity. Strategic Community Investments submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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What is the mission statement of Strategic Community Investments?
Strategic Community Investments is committed to providing relief to the less fortunate and distressed community by developing affordable housing, primarily for low, very low, and moderate-income families. They also engage in various community and economic development initiatives. The organization provides residential management services for existing properties and continues to work on the development of new residential properties. At least 75% of these properties are occupied by low-income families. In essence, Strategic Community Investments aims to contribute to the betterment of underprivileged communities through affordable housing and related projects.
What is the revenue of Strategic Community Investments?
Strategic Community Investments's revenue in 2023 was $172,088.
Who are the executives of Strategic Community Investments and what are their salaries?
Here are 6 key members and their salaries:
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- Related: $157,930
- Other: $22,377
Where can I find the form 990 for Strategic Community Investments?
Strategic Community Investments's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Strategic Community Investments
Strategic Community Investments, as a nonprofit organization, is dedicated to providing relief to the poor and distressed by engaging in the development of affordable housing and various community and economic development initiatives. Predominantly, their focus is on low, very low, and moderate-income families. By offering affordable housing options, they aim to contribute to a more equitable living environment. In addition to this, Strategic Community Investments also takes on community and economic development projects, furthering their mission to improve the living conditions of those in need. Currently, they are providing residential management services for four properties, three of which are residential, and one commercial. At least 75% of the units in these properties are occupied by low-income families, demonstrating their commitment to serving this demographic.
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Impact
October, 2024
Strategic Community Investments significantly impacts the Fort Smith community by developing affordable housing and implementing various community and economic development initiatives. The organization manages residential services for three existing properties and is actively working on a fourth residential property, ensuring that at least 75% of all units are occupied by low-income families. This commitment not only provides stable housing for those in need but also contributes to the overall economic well-being of the community. By focusing on low, very low, and moderate-income families, Strategic Community Investments plays a crucial role in alleviating poverty and enhancing the quality of life for residents in the area.
This information is meant to be a general summary of Strategic Community Investments. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $22,809
- Program Service Revenue: $117,387
- Gross Receipts: $186,036
Assets and Liabilities:
- Total Assets: $1,785,104
- Total Liabilities: $19,255
- Net Assets: $1,765,849
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SUPERVISORY MANAGEMENT INCOME
Revenue
$117,387
Organization Details
Founding Year
2005
Principal Officer
Mitchell Minnick
NTEE Category
Code: L80 - Housing
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